Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Vanguard Natural Resources LLC > News item |
Moody’s adds /LD to Vanguard Natural PDR
Moody's Investors Service said it changed Vanguard Natural Resources, LLC's probability of default rating to B3-PD/LD from B3-PD.
The company's ratings remain on review for downgrade, including the B3 corporate family rating, B3-PD/LD probability of default rating and the Caa2 rating on its senior unsecured notes.
The speculative grade liquidity rating remains SGL-4.
"Vanguard's debt exchange reduced overall debt a modest 9% and extended the maturity, but the company remains highly levered," Moody's vice president, senior analyst James Wilkins said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.